Income Payments Order (IPO)
A court order in an England and Wales bankruptcy requiring payments from surplus income into the bankruptcy estate where an agreement has not been reached.
Also known as: IPO
Related terms
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Income Payments Agreement (IPA)
A binding agreement in an England and Wales bankruptcy requiring the bankrupt to pay affordable surplus income into the bankruptcy estate, normally for a limited period.
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Income contributions
Payments made from surplus income into an insolvency or debt arrangement where the rules require or permit them.
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Bankruptcy order
The formal order that places a person into bankruptcy and triggers the legal consequences of the process.
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